Trueblood Wealth Management LLC Buys 1,283 Shares of Williams Companies, Inc. (The) $WMB

Trueblood Wealth Management LLC raised its stake in shares of Williams Companies, Inc. (The) (NYSE:WMB) by 27.0% during the 2nd quarter, Holdings Channel reports. The fund owned 6,033 shares of the pipeline company’s stock after purchasing an additional 1,283 shares during the period. Trueblood Wealth Management LLC’s holdings in Williams Companies were worth $379,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Sumitomo Mitsui DS Asset Management Company Ltd boosted its position in Williams Companies by 1.2% during the 1st quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 577,123 shares of the pipeline company’s stock valued at $34,489,000 after acquiring an additional 6,816 shares in the last quarter. Cbre Investment Management Listed Real Assets LLC boosted its position in Williams Companies by 362.5% during the 1st quarter. Cbre Investment Management Listed Real Assets LLC now owns 1,465,991 shares of the pipeline company’s stock valued at $87,608,000 after acquiring an additional 1,149,045 shares in the last quarter. Wealth Enhancement Advisory Services LLC boosted its position in Williams Companies by 27.5% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 402,967 shares of the pipeline company’s stock valued at $24,081,000 after acquiring an additional 87,031 shares in the last quarter. Kessler Investment Group LLC bought a new stake in Williams Companies during the 1st quarter valued at $327,000. Finally, Good Steward Wealth Advisors LLC bought a new stake in Williams Companies during the 1st quarter valued at $977,000. Institutional investors own 86.44% of the company’s stock.

Analyst Ratings Changes

WMB has been the subject of several analyst reports. Royal Bank Of Canada reiterated an “outperform” rating and set a $63.00 price objective on shares of Williams Companies in a report on Tuesday, July 15th. Barclays increased their price objective on Williams Companies from $59.00 to $65.00 and gave the company an “equal weight” rating in a report on Tuesday, September 30th. Scotiabank increased their price objective on Williams Companies from $59.00 to $60.00 and gave the company a “sector perform” rating in a report on Tuesday, July 15th. The Goldman Sachs Group increased their price objective on Williams Companies from $59.00 to $65.00 and gave the company a “neutral” rating in a report on Thursday, October 2nd. Finally, UBS Group increased their price objective on Williams Companies from $74.00 to $78.00 and gave the company a “buy” rating in a report on Tuesday, September 30th. One analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat.com, Williams Companies currently has an average rating of “Moderate Buy” and a consensus target price of $65.53.

Insiders Place Their Bets

In related news, SVP Terrance Lane Wilson sold 2,000 shares of the firm’s stock in a transaction on Thursday, September 4th. The stock was sold at an average price of $57.62, for a total value of $115,240.00. Following the completion of the transaction, the senior vice president owned 311,645 shares in the company, valued at $17,956,984.90. This trade represents a 0.64% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, COO Larry C. Larsen sold 4,500 shares of Williams Companies stock in a transaction dated Monday, August 11th. The shares were sold at an average price of $58.47, for a total value of $263,115.00. Following the transaction, the chief operating officer owned 77,612 shares of the company’s stock, valued at $4,537,973.64. The trade was a 5.48% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 8,500 shares of company stock valued at $497,715 in the last 90 days. 0.44% of the stock is currently owned by company insiders.

Williams Companies Stock Performance

Shares of WMB stock opened at $63.59 on Tuesday. The firm has a market capitalization of $77.54 billion, a price-to-earnings ratio of 31.95, a price-to-earnings-growth ratio of 2.15 and a beta of 0.65. The company has a debt-to-equity ratio of 1.73, a current ratio of 0.54 and a quick ratio of 0.48. The business has a fifty day moving average of $59.26 and a 200 day moving average of $58.99. Williams Companies, Inc. has a 1 year low of $48.51 and a 1 year high of $65.55.

Williams Companies (NYSE:WMB) last issued its earnings results on Monday, August 4th. The pipeline company reported $0.46 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.49 by ($0.03). The firm had revenue of $2.78 billion during the quarter, compared to analysts’ expectations of $2.90 billion. Williams Companies had a return on equity of 16.23% and a net margin of 21.63%.The business’s revenue was up 19.0% on a year-over-year basis. During the same quarter last year, the business earned $0.43 EPS. Williams Companies has set its FY 2025 guidance at 2.010-2.190 EPS. As a group, research analysts expect that Williams Companies, Inc. will post 2.08 earnings per share for the current year.

Williams Companies Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, September 29th. Investors of record on Friday, September 12th were paid a $0.50 dividend. The ex-dividend date was Friday, September 12th. This represents a $2.00 dividend on an annualized basis and a yield of 3.1%. Williams Companies’s dividend payout ratio (DPR) is 100.50%.

Williams Companies Profile

The Williams Companies, Inc, together with its subsidiaries, operates as an energy infrastructure company primarily in the United States. It operates through Transmission & Gulf of Mexico, Northeast G&P, West, and Gas & NGL Marketing Services segments. The Transmission & Gulf of Mexico segment comprises natural gas pipelines; Transco, Northwest pipeline, MountainWest, and related natural gas storage facilities; and natural gas gathering and processing, and crude oil production handling and transportation assets in the Gulf Coast region.